9706/12 Accounting Feb Mar 2021 Online Test | Cambridge AS and A Level MCQ
At the month end, a business bank statement showed a credit balance of $12 697. This did not agree with the cash book balance.
The following differences were found.
1 A cheque received, $\$ 7170$, was entered as $\$ 7710$ in the cash book.
2 A cheque paid in, $2400, had not been cleared by the bank.
3 A standing order, $450, was recorded in the cash book but had not been paid by the bank.
4 Bank interest…